For Sale
$1,389,000

12 Precision RdDanbury, CT 06810

8,686 SF Office/Warehouse, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a free-standing, 8,686 square foot Class B office/warehouse condominium in Danbury, CT. The property boasts a new 5-year gross lease with a corporate guarantee from a publicly traded tenant, who has invested over $800,000 in improvements. The lease commenced June 1, 2023, and includes annual rent bumps of 3%. The building features two stories, 22 dedicated parking spaces, two dock-high doors, and is served by water and gas utilities. Shared septic is in place, with sewer access available on Kenosia Avenue. Located in the IL-40 zone, this property offers convenient access to Route 7 and I-84. The asking price is $1,389,000, representing a 6.00% cap rate. This is a single-unit, owner-user investment with condo land ownership (two units total). Financials are available upon request. The building was constructed in 1984. The lease expires November 30, 2028, leaving approximately four years remaining.

Highlights

  • $1,389,000 asking price for this 8,686 SF industrial/office property.
  • New 5-year lease in place with a publicly traded tenant.
  • Tenant has invested over $800,000 in property improvements.
  • Free-standing condo unit with condo land ownership (two units total).
  • 22 dedicated parking spaces.
  • IL-40 zoning.

Property Details for 12 Precision Rd

Property type
Warehouses, Office properties
Square Feet
8,686 SF
Class
B
Year Built
1984
Stories
2
Units
1

Location Insight

City
Danbury
County
Fairfield
State
Connecticut
Latitude
41.37957216
Longitude
-73.49177666
12 Precision Rd, Danbury, Connecticut

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12 Precision Rd
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